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A 6-year Circular File bond with face value of $1,000 pays interest once a year of $75 and sells for $962. a. What are its
A 6-year Circular File bond with face value of $1,000 pays interest once a year of $75 and sells for $962. a. What are its coupon rate and yield to maturity? Note: Do not round intermediate calculations. Enter the coupon rate as a whole percent and the yield to maturity as percent rounded to 2 decimal places. Coupon rate Yield to maturity % % Coupon rate b. If Circular wants to issue a new 6-year bond at face value, what coupon rate must the bond offer? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. A %
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